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North American Industrial Gases Sector Maintains Strength

Industry Segment: Chemical Processing | Word Count: 443 Words

SUGAR LAND--August 28, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Producers of industrial gases such as oxygen, nitrogen, argon, hydrogen, helium and others outperformed almost all segments of the Chemical Processing Industry (CPI) during the past couple of years, even when the CPI was enjoying consistent and healthy growth. Over the past year, as challenges mounted for the chemical industry, industrial gases producers cut or reduced spending like so many of their peers, although spending has remained surprisingly strong so far this year. Industrial Info has confirmed more than $158 million in capital projects already completed this year within this segment of the CPI, with significantly more planned during the next 12 months.